GBPNZD - Bullish price action

FX:GBPNZD   British Pound / New Zealand Dollar
224 1 3
GBP fell against all the majors after the disappointing retail sales figures.
It fell even harder against NZD after RBNZ interest rate decision, which brought the price back to very interesting levels.
Price stalled at the old trend line support and have bounced back since, breaking the initial resistance of 2.3400 as marked on the chart.

This confirms that the buyers are back in control and price is heading back to the higher levels.

Please note that nothing has changed fundamentally, RBNZ is still very dovish and more rate cuts were hinted. BOE is hawkish about raising interest rates in future and market will be pricing all that in.

thanks Appreciated
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out